In the media

Picture the home of a Richmond-area family. In it, a couple decides they want to start saving for their child’s college costs. They search online, “What’s the best way to save for college?” The search engine returns 333,000,000 results. The parents ask their broker, and the broker starts talking to them about cash value life…

Does your investment strategy primarily consist of listening to that guy at your kid’s game who brags loudly about his genius stock picks? Let’s face it – there is something undeniably appealing about the idea of picking individual stocks and striking it rich. I mean, who doesn’t like to daydream about demonstrating how smart they…

We want our kids to be financially literate, but it can be hard when adults can’t quite find the right words to explain some financial topics. Let’s face it, the industry is somewhat known for its abbreviations (IRA, HSA, TUWs) and references to obscure IRS tax code (401(k), 403(b), etc.). That’s why I’m sharing some…

More and more employers are offering health savings accounts (HSAs) as part of their employee benefits package. This savings account allows you to set aside money to pay for qualified medical expenses incurred during the year income tax-free. The Upside to an HSA Two big benefits of an HSA are the ability to contribute pre-tax…

Listen, there is an “F” word you really need to know. In fact, you might have heard this “F” word in the news before, and thought, That sounds like something only old people care about. I mean, seniors. (Sorry, Mema!) That’s right, the word of the day is “fiduciary.” Not knowing what the fiduciary standard…

This time of year, many of us turn our thoughts to giving. In fact, according to money.com, TIME’s financial website, December is the top month for financial giving. With all of the hustle and bustle, it can seem easy to simply write a check to your favorite charity or place of worship, but that might…

The average American family owes $8,377 in credit card debt according to a May 2017 article from CNBC’s MarketWatch. While a third of borrowers pay off their credit card bills in full each month, two-thirds of borrowers are carrying some kind of balance. In fact, Americans are loaded with debt, including mortgages, car loans, student…

Few words strike fear in the hearts of my clients like the question, “Do you have a budget?” The irony of this is that the stress induced by poorly managed spending literally keeps people up at night. So how can we take control of our money? I like to focus on what’s most important to…

Is preschool too young to start talking to your children about money? It depends. Most 3-year-olds should be ready to start learning simple vocabulary and basic economic lessons, like If you want to buy something, you have to pay for it with money, or, If you work, then you can earn money. Preschoolers are very…